on Guanajuato Silver Company Ltd. (NASDAQ:GSVRF)
Guanajuato Silver Launches Non-Brokered LIFE Financing
Guanajuato Silver Company Ltd. (GSilver) has announced a non-brokered Listed Issuer Financing Exemption (LIFE) private placement. This offering consists of units priced at $0.30 each, aiming to raise between $15 million and $18 million. Medalist Capital Advisors Inc. and Research Capital Corporation have been engaged as exclusive finders to assist with the offering.
Each unit includes one common share and one-half of a common share purchase warrant, exercisable at $0.45 within 36 months. The net proceeds aim to expand the company’s equipment fleet, modernize processing facilities, cover administrative expenses, and fund exploration, particularly at San Ignacio and El Cubo mines in Mexico.
The offering will take place in all Canadian provinces (excluding Quebec) and qualifying jurisdictions, including the United States. It is anticipated to close by the week of August 18, 2025, subject to regulatory approvals.
R. H.
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